Twitter Says Apple's Tracking Changes Hurt Less Than Expected. The Stock Is Rising. [MarketWatch]
Apple Inc. (AAPL)
Last apple inc. earnings: 4/30 04:30 pm
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Source: MarketWatch
The company (ticker: TWTR) reported a net loss of $537 million, or 67 cents a share. That figure includes a $766 million one-time charge related to a previously announced settlement with a shareholder group that alleged the company misled investors. Adjusted operating income, which excludes the litigation related charge, was $23 million. Revenue jumped 37% year over year to $1.28 billion. Wall Street's consensus estimate called for earnings per share of 17 cents on sales of $1.29 billion, according to FactSet. The company said its average base of monetizable daily active users hit 211 million during the quarter, up 13% year over year. Twitter stock jumped 3.3% to $63.44 in after-hours trading following the report. The stock had slid more than 7% from its close on Oct. 19. Recent earnings reports from Snap (SNAP) and Facebook (FB) showed Apple ‘s (AAPL) decision to require app developers to ask users if they want to allow themselves to be tracked on their mobile devices made i
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